Subdivision Circumstances that may decrease the amou - Superannuation Guarantee (Administration) – Stapled Fund – Guidelines for the Reduction of an Employer’s Individual Superannuation Guarantee Shortfall for Late Contributions Due to Non-acceptance by Notified Stapled Fund Determination 2021 - Circumstances that may decrease the amount of the employer’s shortfall

Circumstances that may decrease the amount of the employer’s shortfall

(16) Before making a decision on the level of reduction, the Commissioner will have regard to other factors to determine if the level of reduction should be increased to further reduce the amount of the employer’s shortfall.

(17) These other factors are mitigating facts and circumstances or exceptional circumstances that may have affected an employer’s ability to meet the choice of fund rules, or impacted the making of superannuation guarantee contributions. They include but are not limited to:

(a) the date of commencement of employment of the employee in comparison to the end of the quarter

(b) delays in the notification that the most recently notified stapled fund could not accept the contributions

(d) circumstances outside the control of the employer such as:

(i) the malfunction or outage of key systems

(ii) ill health or affliction of the employer or a key employee of the employer

(iii) natural disasters (for example, fires and floods) or other events where the effects are more than the resultant financial hardship or business downturn, or

(e) the level of co-operation by the employer with the Commissioner.

Circumstances that may decrease the amouCircumstances that may decrease the amount of the employer’s shortfall

Get a plain-English read of Circumstances that may decrease the amou

Circumstances that may decrease the amount of the employer’s shortfall